Meta Platforms, Inc. (NASDAQ:META - Get Free Report) insider Jennifer Newstead sold 905 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $528.38, for a total transaction of $478,183.90. Following the completion of the sale, the insider now directly owns 40,532 shares of the company's stock, valued at $21,416,298.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Jennifer Newstead also recently made the following trade(s):
- On Friday, August 16th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $532.21, for a total value of $481,650.05.
- On Monday, August 5th, Jennifer Newstead sold 901 shares of Meta Platforms stock. The stock was sold at an average price of $451.15, for a total value of $406,486.15.
- On Tuesday, July 23rd, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $489.80, for a total value of $443,269.00.
- On Tuesday, July 16th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $501.42, for a total transaction of $453,785.10.
- On Tuesday, July 9th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $533.95, for a total transaction of $483,224.75.
- On Tuesday, July 2nd, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $500.57, for a total transaction of $453,015.85.
- On Tuesday, June 25th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $496.99, for a total transaction of $449,775.95.
- On Tuesday, June 11th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $500.00, for a total transaction of $452,500.00.
- On Tuesday, June 4th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The stock was sold at an average price of $477.00, for a total transaction of $431,685.00.
- On Tuesday, May 28th, Jennifer Newstead sold 905 shares of Meta Platforms stock. The shares were sold at an average price of $476.69, for a total transaction of $431,404.45.
Meta Platforms Price Performance
Why Are Buffett, Bezos, and Musk Fleeing Tech? Here's What To Do Now...
From InvestorPlace | Ad
The financial world is on high alert.
Billionaires like Warren Buffett, Jeff Bezos, and Elon Musk are dumping their tech stocks at a pace we've never seen before.
What do they know that's pushing them out?
One that Fortune is calling:"The Great Cash Out".
Click here to get the details now.
Shares of NASDAQ META opened at $531.93 on Friday. The company has a quick ratio of 2.68, a current ratio of 2.83 and a debt-to-equity ratio of 0.12. The business's 50 day moving average price is $502.48 and its 200 day moving average price is $490.42. Meta Platforms, Inc. has a 52 week low of $276.03 and a 52 week high of $544.23. The firm has a market cap of $1.35 trillion, a P/E ratio of 30.55, a P/E/G ratio of 1.27 and a beta of 1.21.
Meta Platforms (NASDAQ:META - Get Free Report) last announced its earnings results on Wednesday, July 31st. The social networking company reported $5.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.70 by $0.46. Meta Platforms had a return on equity of 34.16% and a net margin of 34.34%. The firm had revenue of $39.07 billion for the quarter, compared to analyst estimates of $38.26 billion. During the same quarter last year, the firm posted $3.23 EPS. The business's revenue was up 22.1% on a year-over-year basis. On average, sell-side analysts expect that Meta Platforms, Inc. will post 20.5 earnings per share for the current year.
Meta Platforms Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 14th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Friday, June 14th. Meta Platforms's dividend payout ratio is presently 11.49%.
Wall Street Analysts Forecast Growth
META has been the subject of several research analyst reports. Loop Capital upped their price target on shares of Meta Platforms from $550.00 to $575.00 and gave the company a "buy" rating in a report on Tuesday, August 6th. Barclays upped their price target on shares of Meta Platforms from $520.00 to $550.00 and gave the stock an "overweight" rating in a research report on Thursday, August 1st. Jefferies Financial Group increased their price objective on shares of Meta Platforms from $565.00 to $600.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. KeyCorp increased their price objective on shares of Meta Platforms from $540.00 to $560.00 and gave the company an "overweight" rating in a research report on Thursday, August 1st. Finally, TD Cowen upped their price target on shares of Meta Platforms from $530.00 to $600.00 and gave the company a "buy" rating in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $574.41.
View Our Latest Analysis on Meta Platforms
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of META. Private Management Group Inc. raised its holdings in Meta Platforms by 4.7% during the fourth quarter. Private Management Group Inc. now owns 1,038 shares of the social networking company's stock worth $367,000 after purchasing an additional 47 shares in the last quarter. Bfsg LLC lifted its stake in shares of Meta Platforms by 58.0% in the fourth quarter. Bfsg LLC now owns 3,265 shares of the social networking company's stock valued at $1,156,000 after purchasing an additional 1,198 shares during the period. Hartline Investment Corp increased its stake in Meta Platforms by 15.4% in the 4th quarter. Hartline Investment Corp now owns 3,580 shares of the social networking company's stock valued at $1,267,000 after purchasing an additional 477 shares in the last quarter. Wynn Capital LLC purchased a new position in shares of Meta Platforms in the fourth quarter valued at $2,876,000. Finally, Carret Asset Management LLC grew its position in shares of Meta Platforms by 4.0% in the fourth quarter. Carret Asset Management LLC now owns 22,734 shares of the social networking company's stock valued at $8,047,000 after purchasing an additional 867 shares during the last quarter. Hedge funds and other institutional investors own 79.91% of the company's stock.
About Meta Platforms
(
Get Free Report)
Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
